Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in FNV held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | FMR LLC | 21.6M | $5.35B | +6.2% | 11.202% | 0.29% |
| 2 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 11.1M | $2.82B | -5.1% | 5.754% | 0.95% |
| 3 | FIL Ltd | 5.9M | $1.46B | -2.0% | 3.058% | 1.13% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 5.5M | $1.37B | β | 2.878% | 0.03% |
| 5 | First Eagle Investment Management, LLC | 5.3M | $1.31B | +2.9% | 2.736% | 1.73% |
| 6 | BANK OF MONTREAL /CAN/ | 5.1M | $1.27B | -2.4% | 2.650% | 0.48% |
| 7 | Capital World Investors | 5.0M | $1.23B | -4.6% | 2.578% | 0.17% |
| 8 | EdgePoint Investment Group Inc. | 3.5M | $857.2M | +3.3% | 1.795% | 6.87% |
| 9 | ROYAL BANK OF CANADA | 3.0M | $743.4M | +7.1% | 1.561% | 0.13% |
| 10 | 1832 Asset Management L.P. | 2.6M | $644.8M | +0.3% | 1.354% | 0.85% |
| 11 | MACKENZIE FINANCIAL CORP | 2.4M | $605.3M | +6.0% | 1.268% | 0.73% |
| 12 | RENAISSANCE TECHNOLOGIES LLC | 2.2M | $548.2M | -10.5% | 1.151% | 0.86% |
| 13 | GEODE CAPITAL MANAGEMENT, LLC | 1.9M | $489.1M | +0.1% | 1.004% | 0.03% |
| 14 | TD ASSET MANAGEMENT INC | 1.9M | $478.2M | -1.1% | 1.005% | 0.39% |
| 15 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.8M | $440.9M | -24.6% | 0.925% | 0.24% |
| 16 | DEUTSCHE BANK AG\ | 1.7M | $428.1M | -8.3% | 0.899% | 0.14% |
| 17 | VANGUARD FIDUCIARY TRUST CO | 1.7M | $417.0M | β | 0.873% | 0.11% |
| 18 | Capital Research Global Investors | 1.6M | $400.6M | +26.9% | 0.841% | 0.06% |
| 19 | NATIONAL BANK OF CANADA /FI/ | 1.4M | $331.4M | +4.2% | 0.702% | 0.34% |
| 20 | CIBC World Markets Inc. | 1.3M | $328.2M | -2.4% | 0.688% | 0.54% |
| 21 | TWO SIGMA INVESTMENTS, LP | 1.3M | $319.5M | +218.1% | 0.671% | 0.26% |
| 22 | Amundi | 1.2M | $294.3M | +4.4% | 0.618% | 0.08% |
| 23 | CANADA PENSION PLAN INVESTMENT BOARD | 1.2M | $292.8M | 0.0% | 0.613% | 0.19% |
| 24 | GQG Partners LLC | 1.2M | $288.0M | -33.2% | 0.605% | 0.46% |
| 25 | Orbis Allan Gray Ltd | 1.1M | $266.7M | -23.4% | 0.560% | 1.12% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in FNV β a direct measure of their conviction.
Filings activity in FNV during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new FNV position in Q1 2026
Institutions that fully closed their FNV position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 630 | +5.7% | 76.81% | +9.70 pp | $31.02B | +14% |
| Q4 2025 | 596 | +7.0% | 67.11% | 3.37 pp | $27.10B | 4.8% |
| Q3 2025 | 557 | +4.5% | 70.48% | +0.37 pp | $28.46B | +0.5% |
| Q2 2025 | 533 | +5.3% | 70.11% | +21.94 pp | $28.31B | +46% |
| Q1 2025 | 506 | +8.6% | 48.17% | +12.39 pp | $19.45B | +35% |
| Q4 2024 | 466 | 1.7% | 35.78% | 1.12 pp | $14.45B | 3.0% |
| Q3 2024 | 474 | +0.9% | 36.90% | 43.26 pp | $14.90B | 54% |
| Q2 2024 | 470 | β | 80.16% | β | $32.37B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying FNV stock.
Based on Q1 2026 13F filings, institutional ownership of Franco-Nevada Corporation stands at 76.8%, held across 630 reporting institutions.
FMR LLC is the largest reported institutional holder of FNV, with approximately 21,597,097 shares worth $5.35B as of Q1 2026.
Yes β 2 widely-followed marquee investors appear among the top 25 institutional holders of FNV, including RENAISSANCE TECHNOLOGIES LLC, TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for FNV is 72 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
111 institutions opened new positions in FNV during Q1 2026, while 77 fully exited. 423 added to existing positions and 88 trimmed.
FNV institutional ownership rose by 9.70 percentage points quarter-over-quarter, with a net change of +34 holders.
The top 10 institutions account for 55.0% of all reported 13F value in FNV, and the top 25 account for 74.1%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Franco-Nevada Corporation (FNV) Institutional Ownership